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Housing finance reform: the future of Fannie Mae and Freddie Mac

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  • Laurie S. Goodman

    (Urban Institute)

Abstract

Fannie Mae and Freddie Mac have been in conservatorship for over a decade. In September 2019, the U.S. Treasury proposed a plan to release the Government Sponsored Enterprises, Fannie Mae and Freddie Mac, from conservatorship through administrative action. This article shows that every action in this plan is much harder in theory than in practice; they will either take longer than anticipated, present more issues than is initially apparent, or is inherently contradictory. As a result, there is substantial doubt this plan can be completed in the next five years.

Suggested Citation

  • Laurie S. Goodman, 2020. "Housing finance reform: the future of Fannie Mae and Freddie Mac," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 55(2), pages 73-79, April.
    • Handle: RePEc:pal:buseco:v:55:y:2020:i:2:d:10.1057_s11369-020-00169-1
    DOI: 10.1057/s11369-020-00169-1
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    References listed on IDEAS

    as
    1. W. Scott Frame & Andreas Fuster & Joseph Tracy & James Vickery, 2015. "The Rescue of Fannie Mae and Freddie Mac," Journal of Economic Perspectives, American Economic Association, vol. 29(2), pages 25-52, Spring.
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